Category Archives: Business

Ironic Business Model

Recently a friend was searching for housing on Craigslist. One of the people he/she contacted regarding an advertisement for a nice high-rise apartment replied with some complaints about past tenants and the need for a more thorough background check prior to proceeding with a viewing. They asked for a credit score, but stressed they did not want the full report as it contained sensitive information.

My friend used the service they provided, sent a response with the credit score and of course never heard back. One week later a charge appeared on her/his credit card for “credit protection services” from the credit report company. Apparently signing up for the free credit report also automatically enrolled my friend in a service designed to guard against identity theft for a monthly fee.

In other words, creditreport.com scammed my friend into buying identity theft protection. Amazing.